Legacy Iron Ore Ltd (LCY) AI Stock Analysis

• Market Cap: AU$79.34M
• Dividend Yield: N/A
• Average Volume (3M): 403.98K
• Price to Earnings (P/E): ―
• Beta (1Y): 0.91
• Revenue Growth: 94.53%
• EPS Growth: 63.16%
• Country: AU
• Employees: N/A
• Sector: Basic Materials
• Sector Strength: 58
• Industry: Industrial Materials
• EPS (TTM): 0.00
• Shares Outstanding: 9,917,419,000
• 10 Day Avg. Volume: 528,403
• 30 Day Avg. Volume: 403,981
• PEG Ratio: -0.02
• Price to Book (P/B): 3.24
• Price to Sales (P/S): 2.17
• P/FCF Ratio: -3.75
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: N/A
• Price Target Upside: N/A
• Rating Consensus: N/A
• Number of Analyst Covering: 0
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 42 Neutral
• Price Target: AU$0.00 ▼(-100.00% Downside)

Legacy Iron Ore Ltd's overall score is primarily affected by its financial performance, where significant revenue growth is overshadowed by profitability and cash flow challenges. Technical analysis also indicates potential short-term price weaknesses, while valuation metrics underscore ongoing financial struggles.

Legacy Iron Ore Ltd Business Overview & Revenue Model

Company Description

Legacy Iron Ore Ltd (LCY) is an Australian mining and exploration company focused on the acquisition and development of iron ore projects. The company operates primarily in the mining sector, with a portfolio that includes various iron ore tenements in Western Australia. Legacy Iron Ore is committed to identifying and developing high-quality resources to meet the increasing global demand for iron ore, which is a critical component in steel manufacturing.

How the Company Makes Money

Legacy Iron Ore Ltd generates revenue primarily through the exploration and potential development of its iron ore projects, with the aim of bringing these resources to market. The company's revenue model is centered around extracting and selling iron ore, with key revenue streams coming from the sale of ore to steel manufacturers and traders. Additionally, any strategic partnerships with other mining companies or stakeholders in the supply chain can enhance its revenue potential by facilitating access to markets and distribution channels. The company's earnings are also influenced by global iron ore prices, production costs, and the efficiency of its mining operations.

Legacy Iron Ore Ltd Financial Statement Overview

Summary

Legacy Iron Ore Ltd faces significant profitability challenges despite impressive revenue growth. The balance sheet remains stable with low leverage, yet cash flow issues might hinder long-term financial health. Improving operational efficiency and cash management could enhance financial stability.

Income Statement

Legacy Iron Ore Ltd has shown significant revenue growth, with a sharp increase from $2.08 million in 2024 to $43.34 million in 2025. However, the company struggles with profitability, as indicated by negative EBIT and net income figures throughout the years. Despite high revenue growth, margins remain negative, reflecting operational inefficiencies and high costs relative to revenue.

Balance Sheet

The company maintains a relatively stable financial position with a strong equity base, evidenced by stockholders' equity consistently exceeding total liabilities. The debt-to-equity ratio is low, indicating conservative leverage use. However, declining total assets over recent years might suggest asset utilization concerns.

Cash Flow

Cash flow analysis reveals challenges, with negative operating and free cash flows highlighting liquidity issues. The operating cash flow to net income ratio is consistently negative, suggesting inefficiencies in cash management. Despite this, the company has managed positive financing cash flows, indicating reliance on external funding.

Breakdown	TTM	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021
Income Statement
Total Revenue	43.34M	43.34M	2.08M	50.00K	0.00	0.00
Gross Profit	34.73M	28.75M	2.08M	-11.16K	-82.50K	-51.75K
EBITDA	-19.33M	-19.33M	-9.53M	2.07M	-923.10K	-636.50K
Net Income	-27.95M	-27.95M	-9.59M	2.01M	-1.01M	-693.13K
Balance Sheet
Total Assets	37.96M	37.96M	47.22M	25.61M	23.61M	24.21M
Cash, Cash Equivalents and Short-Term Investments	11.14M	11.14M	15.26M	9.74M	7.51M	10.34M
Total Debt	18.47K	18.47K	49.77K	82.29K	24.00K	69.62K
Total Liabilities	9.01M	9.01M	12.31M	288.79K	290.53K	322.43K
Stockholders Equity	28.94M	28.94M	34.90M	25.32M	23.32M	23.89M
Cash Flow
Free Cash Flow	-20.24M	-25.02M	-13.50M	579.48K	-2.33M	-2.80M
Operating Cash Flow	-16.60M	-16.60M	-9.95M	2.01M	82.50K	-648.49K
Investing Cash Flow	-15.47M	-15.47M	1.83M	3.79M	-8.30M	-1.80M
Financing Cash Flow	22.18M	22.18M	16.78M	-41.24K	-45.61K	2.94M

Legacy Iron Ore Ltd Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
Sector *	61 Neutral	$10.43B	7.12	-0.05%	2.87%	2.86%	-36.73%
FHE	55 Neutral	AU$162.29M	-9.21	-21.39%	―	―	-280.00%
ORN	51 Neutral	AU$141.25M	―	-11.80%	―	―	-88.89%
AGE	46 Neutral	AU$124.24M	-20.00	-8.25%	―	―	-55.56%
EQR	45 Neutral	AU$150.13M	-2.48	-84.61%	―	149.43%	1.20%
LCY	42 Neutral	AU$79.34M	―	-59.50%	―	94.53%	63.16%
MTH	41 Neutral	AU$93.93M	-16.40	―	―	―	54.26%

Legacy Iron Ore Ltd Corporate Events

Legacy Iron Ore Advances Mount Celia Project with Key Drilling and Study Updates

Legacy Iron Ore Limited has provided an update on its Mount Celia project, highlighting the completion of a 5,838-meter grade control drilling program across 223 holes, aimed at improving ore body continuity and aiding short-term mine planning. The company is also conducting waste rock characterization drilling, updating its mineral resource estimates, and progressing metallurgical and feasibility studies for a potential on-site processing facility. These efforts are expected to inform future ore reserve estimations and enhance the project’s development potential.

Legacy Iron Ore Advances Key Projects in June 2025 Quarterly Report

Legacy Iron Ore Limited’s quarterly report for June 2025 highlights significant progress in its key projects. At the South Laverton Project, the company executed five ore sales to Paddington Mill, with a total of 4,072 ounces of gold contained. Drilling at the Kangaroo Bore’s northern extensions has been completed, and assay results are under review. At the Mount Bevan Project, a mining lease application has been submitted, and various environmental and heritage surveys are advancing. These developments indicate Legacy Iron’s strategic efforts to advance its projects and strengthen its position in the mining industry.

Legacy Iron Ore Reports Quarterly Cash Flow with Mixed Results

Legacy Iron Ore Ltd’s quarterly cash flow report for the period ending June 30, 2025, reveals a net cash inflow from operating activities amounting to $392,000, despite significant expenditures in production and exploration. However, the company experienced a net cash outflow in investing activities, primarily due to investments in exploration and development assets, resulting in an overall decrease in cash and cash equivalents for the period.

Legacy Iron Ore Ltd Successfully Passes All Resolutions at 2025 AGM

Legacy Iron Ore Ltd announced that all resolutions at its 2025 Annual General Meeting were passed by poll, in line with ASX Corporate Governance Council Principles. This includes the election and re-election of directors and the approval of a 10% placement facility. The successful passing of these resolutions supports the company’s governance and operational strategies, potentially strengthening its market position and providing assurance to stakeholders.